-

Centaurus Renewable Energy LLC closes $70M Construction bridge loan with Voya Investment Management for the Arroyo Solar & Storage Project in New Mexico

HOUSTON--(BUSINESS WIRE)--Centaurus Renewable Energy LLC, the developer of the Arroyo Solar & Storage Project in McKinley County, New Mexico, announced today that it has closed a $70 million construction bridge loan facility provided by Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA).

The credit facility will be used to make payments for project equipment and for other development and construction expenses. The transaction was organized by Voya Investment Management’s Direct Infrastructure team led by Tom Emmons and Ed Levin.

The Arroyo Solar & Storage Project is a 300MW-AC solar generation facility and a150MW/600MWh battery energy storage system. Solar energy and battery storage services are committed under a 20-year power purchase agreement and energy storage agreement to Public Service Company of New Mexico. The project is expected to partially replace the power from the 847mw San Juan Generating Station, New Mexico’s largest coal-fired plant, which is scheduled to cease operations in 2022.

Houston-based Centaurus Renewable Energy LLC, was founded in 2013 and has developed approximately 20 solar projects totaling over 1.3GW-DC across seven states.

About Voya Investment Management

A leading, active asset management firm, Voya Investment Management manages, as of March 31, 2021, more than $248 billion for affiliated and external institutions as well as individual investors. With over 40 years of history in asset management, Voya Investment Management has the experience and resources to provide clients with investment solutions with an emphasis on equities, fixed income, and multi-asset strategies and solutions. Voya Investment Management was named in 2015, 2016, 2017, 2018, 2019 and 2020 as a “Best Places to Work” by Pensions and Investments magazine. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments.

VOYA-IM

Contacts

Media Contact:
Kristopher Kagel
(212) 309-6568
Kristopher.Kagel@voya.com

Industry:

Voya Financial, Inc.

NYSE:VOYA
Release Versions
English

Contacts

Media Contact:
Kristopher Kagel
(212) 309-6568
Kristopher.Kagel@voya.com

More News From Voya Financial, Inc.

Voya research finds 1 in 5 people with disabilities experience discrimination when working with financial services companies

NEW YORK--(BUSINESS WIRE)--As Voya Financial, Inc. (NYSE: VOYA) marks the 10‑year anniversary of Voya Cares® — its signature initiative to advance disability inclusion, support caregivers and expand access to financial planning — new research shows meaningful progress has been made despite persistent gaps that continue to impact employees with disabilities and their caregivers. Since its launch in 2016, Voya has embedded disability inclusion throughout the company’s products, services, workplac...

Voya Financial schedules announcement of first-quarter 2026 results

NEW YORK--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA) will issue a press release announcing its first-quarter 2026 financial results after the market closes on Tuesday, May 5, 2026 and host a call to review these results on Wednesday, May 6, 2026, from 10 a.m. to 11 a.m. ET via live webcast available to the public at investors.voya.com. The announcement, investor supplement and analyst presentation will be available on investors.voya.com upon issuance of the press release. A replay of th...

Voya Financial supports DOL’s proposed framework for advancing retirement investment choice

NEW YORK--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA) welcomes the U.S. Department of Labor’s proposed rule, Fiduciary Duties in Selecting Designated Investment Alternatives, as an important step toward the thoughtful expansion of retirement investment choice. The proposal emphasizes the importance of a robust evaluation process for investments, without endorsing or excluding any specific asset class. The focus on providing a stable framework is consistent with longstanding ERISA princip...
Back to Newsroom